Austrian Banks Report Small Growth in Lending

Businessn.a. ♦ Published: June 20, 2012; 19:47 ♦ (Vindobona)

Regarding company loans, Austrian banks record a stable recovery, the Austrian Central Bank (OeNB) reports.

Austrian Banks Report Small Growth in Lending / Picture: © Vindobona.org

Since early 2010, lending to Austrian companies recovered steadily, OeNB says. In the first four months of 2012, the growth trend continued. In April, corporate lending was up by 2.9% after a growth rate of 1.9% in January. Against April 2011, corporate lending grew by 7.6%.

Growth rates were observed in the manufacturing industry, the construction sector, the retail industry and…